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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afriag | LSE:AFRI | London | Ordinary Share | IM00B3VVCM89 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.085 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
11 August 2016
AfriAg Global PLC
(“AfriAg Global” or the “Company”)
Issue of existing shares from the Company’s Employee Benefits Trust.
AfriAg Global PLC (ISDX: AFRI) announces that Mr Paul de Robillard, who is responsible for managing all of the Company’s rapidly growing global logistics divisions, will be issued 100 million ordinary shares in the the Company, representing 7.2% of the Company’s ordinary shares on issue, from its pre-existing and approved Employee Benefit Trust (“EBT”).
The establishment of the Company’s EBT was previously announced on 3 October 2014. There will be no new shares issued by the Company to satisfy this distribution of shares from the EBT, leaving 18 million shares remaining in the EBT.
David Lenigas, AfriAg Global’s Executive Chairman, commented;
“Paul de Robillard has been very instrumental in building the strong foundation of the Company’s global logistics business and food marketing and sales division, and he has now achieved the performance targets set by the Company back in December 2014.”
The directors of the Company accept responsibility for the contents of this announcement.
-ENDS-
AfriAg Global Plc: www.afriagglobal.com David Lenigas (Executive Chairman) Anthony Samaha (Finance Director) Hamish Harris |
+44 (0)20 7440 0640 |
Peterhouse Corporate Finance Limited Guy Miller Fungai Ndoro |
+44 (0)20 7469 0930 |
Copyright t 11 PR Newswire
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